The world’s largest cryptocurrency exchange is deactivating the accounts of its major clients in Russia, it said on Thursday, cutting back its services in the country in line with European Union sanctions.
In its fifth package of sanctions on Russia, the EU this month targeted digital wallets used to store, send, receive and spend cryptocurrencies, part of broader efforts to close potential loopholes that could allow Russians to move money abroad. Binance said in March it would not “unilaterally freeze millions of innocent users’ accounts,” but that it would ensure compliance with sanctions.
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